Surviving The Assault on Private Sector Careers in America

Obamacare is a Terminal Disease for the US Economy!

DJH: Last week I was sitting around with a group of retired private sector workers talking about Obamacare. One of them – a self professed bleeding heart liberal, proclaimed that he supported Obamacare because of his heart not his brain.

“We need to help all those poor people who have no health care” he said.

To which I replied: “You’ve fallen for another Obama lie. The poor already had free healthcare through Medicaid. This bill didn’t give them anything new, but the working poor would rather have a job than Obamacare. And this bill will drive unemployment rates through the roof. In fact, the way Obama is systematically killing jobs in the private sector borders on satanic!”

And with that I crossed a line, I compared Obama to Satan, or at least pointed out that I think what’s happening these days is plain evil (and since evil comes from Satan, what the heck). Before you conclude that I’ve lost my mind and gone off the deep end, hear me out. I ask you to take a minute and go beyond Obama’s glowing rhetoric about “how good it’s going to be” and take closer look at the facts that have emerged since the Sunday night passage of Obamacare.

Millions of Private Sector Jobs Placed at Risk

On Monday, I wrote about how the passage of Obamacare would mean the demise of millions of private sector jobs. At the time, I was looking at the longer term effect of Obama’s health care takeover on careers in America. Specifically, the hikes in income taxes on small businesses and payroll taxes. Little did I know that there would be an immediate impact on big corporations that would be even more severe.

3500 Companies Face Immediate Job Killing Tax Hikes

Beginning Wednesday, word started leaking out from many of the country’s top employers that certain healthcare related tax deductions had been eliminated by Obamacare. By Thursday, the numbers reached staggering levels:

AT&T — $1 billion

John Deere — $150 million

Caterpillar — $100 million

3M — $90 million

Verizon — $46.6 million

AK Steel — $31 million

Valero – $15 million

And, the list goes on. In fact, 3500 private sector corporations discovered this week that Obamacare would immediately increase their cost of doing business by billions of dollars.

As I have told you over and over again, the primary objective of any corporation is to make a profit. That means that when an out-of-control government imposes billions in new costs, they must respond to protect their profits and their shareholders. So what will they do? I’m not sure, but if we look to the past, it’s safe to assume that it will not be good for jobs in America. I predict more lay-offs, more jobs going overseas to countries with lower costs of doing business, wage and benefit cuts — you know the drill.

Student Loan Takeover Kills Private Sector Jobs

In the 11th hour, the dems decided to take over the student loan industry in yet another sleazy backroom deal to make Obamacare look like it was “deficit neutral.” Unfortunately, an ugly side effect of this socialist move will be the elimination of tens of thousands of private sector jobs and the creation of another bloated federal government bureaucracy to replace them.

“The Democratic majority decided, well look, while we’re at it, let’s have another Washington takeover,” said Senator Lamar Alexander, Republican of Tennessee and a former federal education secretary. “Let’s take over the federal student loan program.”

And, according to the Commercial Bankers Association:

“More than 30,000 people are currently involved in helping students via the FFEL (Federal Family Education Loan) program. These experts understand students’ loan obligations and how to get students the help they need when facing difficultly in repaying their loans. Firing them and hiring untrained government workers to replace them, as the President proposes, would be a huge setback for educational opportunity.”

Losing the student loan origination business will cost Sallie Mae dearly; officials estimate they will need to lose 2,500 of 8,600 employees and consolidate 25 locations into five to seven.

Bonjean predicts as many as 698,000 jobs will be lost as a result of this bill – here is his breakdown.

Sector

ESI

Jobs

Other services

48

-7,946

-46,564

Totals

-119,194

-698,0

%

Low

High

Agriculture, mining and construction

Agriculture, forestry, fishing and hunting

20

-923

-5,441

Mining

68

-939

-5,478

Construction

37

-7,374

-43,316

Manufacturing

65

-18,022

-105,229

Trade

Wholesale trade

57

-8,149

-47,663

Retail trade

39

-14,364

-84,339

Transportation and communication

Transportation and warehousing

55

-6,290

-36,806

Utilities

80

-906

-5,271

Services

Information

63

-4,510

-26,342

Financial Activities

66

-13,236

-77,269

Professional and business services

44

-22,606

-132,596

Educational services

61

-5,493

-32,102

Leisure and hospitality

25

-8,436

-49,682

Is there any doubt in anyone’s mind that Obamacare will be a terminal disease for private sector jobs in America? And while that’s bad, it’s barely satanic and I did say that the impact of Obamacare on the private sector bordered on the satanic, right? Okay, here’s where the satanic part comes in.

Greed and Deceit is Just Plain Evil

I believe Obamacare borders on the satanic because of the unmitigated greed and deceit it represents. I covered the deceit side earlier this week in my story “Obama’s Historic Day – a $562 Billion Lie“, so I won’t repeat it here. But let’s look at the greed side of the equation.

Obamacare Means Massive Government Hiring We Can’t Afford

One of the big stories last week was that fact that the IRS would have to hire 16,500 more agents needed to spy on Americans to make sure they comply with Obamacare. Of course, adding to the $562 billion lie is the fact that the funding for these agents was not included as a cost in the bill.

But the real story about massive government hiring has yet to be reported. Within the bowels of Obamacare’s 2700+ pages lies the creation of 111 new government bureaucracies, which will be staffed by the dems and their cronies.

The House Republican Conference has compiled a list of these 111 new boards, bureaucracies, commissions, and programs created in H.R. 3962, Speaker Pelosi’s government takeover of health care, Take a quick glance at this list and just imagine how many government jobs will be created to staff these bureaucracies; jobs that will include fat pensions and heath care for life. All of which will be paid by grandchildren.

1. Retiree Reserve Trust Fund (Section 111(d), p. 61)

2. Grant program for wellness programs to small employers (Section 112, p. 62)

111.Committee for the Establishment of the Native American Health and Wellness Foundation (Section 3103, p. 1968)

Of course all of these jobs will be filled by SEIU Union members. SEIU was one of the biggest contributors to Barrack Obama’s presidential campaign. And, no one has spent more time with President Obama than Andy Stern, president of SEIU.

Obama Pays Back SEIU (again)

On Thursday the Washington Times published an in depth piece exposing Obamacare as a big payback to SEIU for funding his election campaign; they said:

“Nonunion workers and private companies could be forced into absorbing the financial liabilities of underfunded union pension plans, thanks to pending health care mandates and an executive order that could be finalized this year, policy analysts and trade group representatives have concluded.”

To me, this is straight up government corruption at a massive scale. The president and his party have sold out private sector workers to pay back the special interest group that funds their political campaigns.

So you tell me, is Obamacare a Terminal Disease for the Private Sector Economy in America? And, does the greed and deceit that’s going on behind scenes border on the satanic?

I have my opinion – what’s yours?

Dave

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4 Responses

I have no doubt but this is the biggest raping of America that has ever been perpetrated. The socialist agenda is to kill private business and enterprise and bring everything under government control. The only way out is to REPLACE the people who have in the slightest supported this agenda (and that involves both Democrats and Republicans) and to ASK pointed questions to those who are running about their view of government, our Constitution, Bill of Rights and 16th Amendment to our Constitution.

Perhaps I should move to the Republic of Texas or Oklahoma as they have the right to say enough is enough.

I agree. Wholeheartedly.
But Obama doesn’t think he is evil. He just can’t help doing what he is doing.
He laid it all out during his campaign and those who voted for him failed to connect the dots between Ayers and Wright and Stern and Emmanuel and Van Jones and Valerie Jarrett and on and on.
They have no one to blame but themselves.
As for us, I don’t think it will be possible to have a fair election in this country while Obama and his gang of spoiled children have the power. And from the looks of things, they will have the power for a long time to come.
The alternatives are too scary to contemplate but we have to look at all the alternatives.

I agree Richard, but I am preparing for the worst and praying for the best. I, too, think that the elections in 2010 and 2012 will tell if we are still a voting democracy. God I pray that we are. Surely the sheeple will understand that the CHANGE being promoted is one of servitude and being a slave to our government with few opportunities to rise above the “common!” God save the Republic.

[…] them to know if they’ll ever make an after-tax profit by doing so. They know that they face a massive tax increase to pay for Obamacare, they know that their employee insurance premiums are going up, they know that thanks to […]